TradingView
pgarret
Dec 31, 2017 12:00 PM

SIA symmetrical triangle breakout Long

Siacoin / BitcoinBittrex

Description

BITTREX:SCBTC
Based on 2h chart Ichimoku give us green light, DMI and MACD is supporting a long trade. The RSI still has room to go up till oversold.
Target around 350 - 380. Entry 225 - 235. Stop below the triangle.

Comment


We are seeing a test of the kumo breakout, very normal behavior, specially with the New Year holiday season when everybody wants to win. If you are in the trade have some patience, it will go up again soon.

Comment

Is going to move soon

Comment


Still looking good, from past movements SIA takes time after the breakout around 3-6 days till is going to really move up. Look at past patters and you will see what I'm talking about.

Trade active

Comment

Target reached. Trade closed
More